Four Leaf Correlations

FORL Stock   11.34  0.08  0.71%   
The current 90-days correlation between Four Leaf Acquisition and Zedge Inc is 0.09 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Four Leaf moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Four Leaf Acquisition moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Four Leaf Correlation With Market

Very good diversification

The correlation between Four Leaf Acquisition and DJI is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Four Leaf Acquisition and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Four Leaf Acquisition. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Four Stock

  0.73V Visa Class APairCorr
  0.62GDST Goldenstone AcquisitionPairCorr
  0.63RENEW Cartesian GrowthPairCorr
  0.68COOP Mr Cooper GroupPairCorr
  0.65BK Bank of New YorkPairCorr
  0.63CB ChubbPairCorr

Moving against Four Stock

  0.81ORGN Origin MaterialsPairCorr
  0.77SYF Synchrony FinancialPairCorr
  0.73WD Walker DunlopPairCorr
  0.66ECPG Encore Capital GroupPairCorr
  0.56AXP American ExpressPairCorr
  0.89BITF BitfarmsPairCorr
  0.88PYPL PayPal HoldingsPairCorr
  0.82CODI Compass DiversifiedPairCorr
  0.75AX Axos FinancialPairCorr
  0.65SOFI SoFi TechnologiesPairCorr
  0.62DHIL Diamond Hill InvestmentPairCorr
  0.36UPST Upstart HoldingsPairCorr
  0.89LC LendingClub CorpPairCorr
  0.83CM Canadian Imperial BankPairCorr
  0.77BX Blackstone GroupPairCorr
  0.64KB KB Financial GroupPairCorr
  0.63CG Carlyle GroupPairCorr
  0.47BY Byline BancorpPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
AGAENTES
RDCMZDGE
NTESSSYS
RDCMSSYS
AGAESSYS
NTESRDCM
  
High negative correlations   
BCEZDGE
ZDGEHCHDF
RDCMHCHDF
BCERDCM
HCHDFSSYS
NTESHCHDF

Risk-Adjusted Indicators

There is a big difference between Four Stock performing well and Four Leaf Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Four Leaf's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.